It’s the end of the year and a good time to pull together the information you need for your tax return. Here’s a list to help you get organized: A Social Security or tax ID number for everyone included on your tax return. You need your own number, but don’t forget your spouse and dependents’ (where applicable) as well. If someone doesn’t have a Social Security number, you’ll need their TIN instead. Date of birth for everyone on your return. Form W-2 Wage and Tax Statement. Your W-2 … [Read more...] about Gathering Items for Preparing Your Tax Return
David A. Snyder CPA
Keeping Up with Income Tax Law
The standard deduction has increased for everyone.Whether married, single, married but filing individually or head of household, the standard deduction has effectively doubled in an effort to cut down on itemized filings. Medical deductions are more beneficial. 2019 is a good year to finally get an expensive medical procedure done, if you’ve been putting it off. Taxpayers used to have to spend 10 percent of their adjusted gross income on qualifying medical expenses to take a deduction, but … [Read more...] about Keeping Up with Income Tax Law